Rishi Kapoor Of Investcorp Sells Industrial Portfolio For $365 Million In Midwest Markets

Investcorp has sold an industrial portfolio encompassing 3.5 million square feet across the markets of Chicago, Cleveland, Cincinnati, and Columbus. The sale was finalized for a total of $365 million, with a price per square foot of $104. This portfolio consists of 23 light industrial buildings, including a significant 1 million-square-foot park located near O’Hare Airport and a substantial 434,000-square-foot distribution facility in Cleveland.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $365,000,000
• Square Footage: 3,500,000
• Price Per Square Foot: $104
• Seller: Rishi Kapoor - Investcorp
• Market: Chicago & Cleveland, Cincinnati & Columbus

This transaction highlights the involvement of Rishi Kapoor, representing Investcorp, in the sale of the industrial portfolio characterized by its extensive square footage and geographical spread across multiple Midwestern markets.